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NCMI (National CineMedia) Cyclically Adjusted Price-to-FCF : 0.51 (As of Jun. 02, 2025)


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What is National CineMedia Cyclically Adjusted Price-to-FCF?

As of today (2025-06-02), National CineMedia's current share price is $5.05. National CineMedia's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 was $9.97. National CineMedia's Cyclically Adjusted Price-to-FCF for today is 0.51.

The historical rank and industry rank for National CineMedia's Cyclically Adjusted Price-to-FCF or its related term are showing as below:

NCMI' s Cyclically Adjusted Price-to-FCF Range Over the Past 10 Years
Min: 0.07   Med: 2.2   Max: 8.11
Current: 0.55

During the past years, National CineMedia's highest Cyclically Adjusted Price-to-FCF was 8.11. The lowest was 0.07. And the median was 2.20.

NCMI's Cyclically Adjusted Price-to-FCF is ranked better than
97.22% of 360 companies
in the Media - Diversified industry
Industry Median: 15.11 vs NCMI: 0.55

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

National CineMedia's adjusted free cash flow per share data for the three months ended in Mar. 2025 was $0.056. Add all the adjusted free cash flow per share for the past 10 years together and divide 10 will get our Cyclically Adjusted FCF per Share, which is $9.97 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


National CineMedia Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for National CineMedia's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

National CineMedia Cyclically Adjusted Price-to-FCF Chart

National CineMedia Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Price-to-FCF
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.01 1.81 0.15 0.35 0.68

National CineMedia Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Price-to-FCF Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.44 0.39 0.68 0.68 0.59

Competitive Comparison of National CineMedia's Cyclically Adjusted Price-to-FCF

For the Advertising Agencies subindustry, National CineMedia's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


National CineMedia's Cyclically Adjusted Price-to-FCF Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, National CineMedia's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where National CineMedia's Cyclically Adjusted Price-to-FCF falls into.


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National CineMedia Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

National CineMedia's Cyclically Adjusted Price-to-FCF for today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/ Cyclically Adjusted FCF per Share
=5.05/9.97
=0.51

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

National CineMedia's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, National CineMedia's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=0.056/134.9266*134.9266
=0.056

Current CPI (Mar. 2025) = 134.9266.

National CineMedia Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 1.191 100.684 1.596
201509 7.949 100.392 10.683
201512 6.350 99.792 8.586
201603 3.322 100.470 4.461
201606 3.038 101.688 4.031
201609 6.915 101.861 9.160
201612 6.232 101.863 8.255
201703 8.937 102.862 11.723
201706 1.412 103.349 1.843
201709 4.994 104.136 6.471
201712 4.014 104.011 5.207
201803 6.002 105.290 7.691
201806 1.685 106.317 2.138
201809 6.427 106.507 8.142
201812 1.714 105.998 2.182
201903 5.584 107.251 7.025
201906 1.211 108.070 1.512
201909 6.587 108.329 8.204
201912 3.305 108.420 4.113
202003 7.047 108.902 8.731
202006 6.077 108.767 7.539
202009 -2.935 109.815 -3.606
202012 -4.100 109.897 -5.034
202103 -3.440 111.754 -4.153
202106 -4.680 114.631 -5.509
202109 -3.970 115.734 -4.628
202112 -0.559 117.630 -0.641
202203 -2.999 121.301 -3.336
202206 -2.160 125.017 -2.331
202209 0.392 125.227 0.422
202212 -1.373 125.222 -1.479
202303 0.646 127.348 0.684
202306 -0.345 128.729 -0.362
202309 -0.436 129.860 -0.453
202312 0.145 129.419 0.151
202403 0.233 131.776 0.239
202406 0.066 132.554 0.067
202409 -0.027 133.029 -0.027
202412 0.296 133.157 0.300
202503 0.056 134.927 0.056

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


National CineMedia  (NAS:NCMI) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


National CineMedia Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of National CineMedia's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


National CineMedia Business Description

Traded in Other Exchanges
Address
6300 South Syracuse Way, Suite 300, Centennial, CO, USA, 80111
National CineMedia Inc is a cinema advertising platform in the U.S. It derives revenue from the sale of advertising to national, regional and local businesses through The Noovie Show, the cinema advertising and entertainment show seen on movie screens across the U.S., on LEN, a series of strategically-placed screens located in movie theater lobbies, as well as other forms of advertising and promotions in theater lobbies.
Executives
Ronnie Y. Ng officer: Chief Financial Officer C/O NATIONAL CINEMEDIA, INC., 6300 S SYRACUSE WAY, SUITE 300, CENTENNIAL CO 80111
Maria Vg Woods officer: EVP, General Counsel C/O NATIONAL CINEMEDIA, INC., 6300 S SYRACUSE WAY, SUITE 300, CENTENNIAL CO 80111
Thomas F. Lesinski director C/O NATIONAL CINEMEDIA, INC., 6300 S. SYRACUSE WAY, SUITE 300, CENTENNIAL CO 80111
Blantyre Capital Ltd 10 percent owner C/O BLANTYRE CAPITAL LIMITED, 52 JERMYN STREET, LONDON X0 SW1Y 6LX
Scott D Felenstein officer: EVP and Chief Revenue Officer C/O NATIONAL CINEMEDIA, INC., 6300 S. SYRACUSE WAY, SUITE 300, CENTENNIAL CO 80111
Blantyre Fund Iii (gp) Ltd 10 percent owner UGLAND HOUSE, PO BOX 309, GEORGE TOWN, GRAND CAYMAN E9 KY1-1104
Joe Marchese director C/O CLEAR CHANNEL OUTDOOR HOLDINGS, INC., 4830 NORTH LOOP 1604W, SUITE 111, SAN ANTONIO TX 78249
Jean-philippe Maheu director C/O NATIONAL CINEMEDIA, INC., 6300 S. SYRACUSE WAY, SUITE 300, CENTENNIAL CO 80111
Tiago Lourenco director C/O NATIONAL CINEMEDIA, INC., 6300 S. SYRACUSE WAY, SUITE 300, CENTENNIAL CO 80111
Nicholas Bell director C/O NATIONAL CINEMEDIA, INC., 6300 S. SYRACUSE WAY, SUITE 300, CENTENNIAL CO 80111
Bssf Ii Ireland Dac 10 percent owner IVEAGH COURT, HARCOURT ROAD, 2ND FLOOR, BLOCK E, DUBLIN L2 2
Blantyre Fund Ii (gp) Ltd 10 percent owner UGLAND HOUSE, PO BOX 309, GEORGE TOWN, GRAND CAYMAN E9 KY1-1104
Blantyre Mulanje Ii Gp Ltd 10 percent owner UGLAND HOUSE, PO BOX 309, GEORGE TOWN, GRAND CAYMAN E9 KY1-1104
Bernadette S. Aulestia director 203 EAST MAIN STREET, SPARTANBURG SC 29319
Iii Dac Bssf 10 percent owner IVEAGH COURT, HARCOURT ROAD, 2ND FLOOR, BLOCK E, DUBLIN L2 2